Musk says he left a meeting with wealth fund officials July 31 with no question that the deal could be closed.

Musk in his blog elucidated his reasons of making a public announcement. Musk and his advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter. "It wouldn't be right to share information about going private with just our largest investors without sharing the same information with all investors at the same time", he wrote.

Tesla had burned through $ 739.5 million in cash in the second quarter and Musk had assured that the company will post a profit in the next quarter.

His comments in which he said he is considering taking the green vehicle maker private for $420 a share shockedWall Street and sent Tesla stock surging.

The Saudi fund's talks began before the controversial August 7 tweet in which Musk said he was weighing a plan to take the company private.

"They first met with me at the beginning of 2017 to express this interest because of the important need to diversify away from oil". "I understood from him that no other decision makers were needed and that they were eager to proceed". Since the meeting, the men have continued discussions and the managing director has expressed support "subject to financial and other due diligence and their internal review process for obtaining approvals", Musk wrote. He has also asked for additional details on how the company would be taken private, including any required percentages and any regulatory requirements.

The amount of funding needed would depend on how many current investors want to remain part of the $60.9 billion company if it goes private.

These pieces of news pushed Tesla's share price around 12 per cent higher, although most of those gains have since disappeared as reports emerged from The Wall Street Journal and Bloomberg stating the US Securities and Exchange Commission (SEC) had sent a formal enquiry to Tesla about its funding claims. I will now continue to talk with investors, and I have engaged advisors to investigate a range of potential structures and options.

The proposed class period in Isaacs' lawsuit runs from the afternoon of Aug. 7 through the next day, and in Chamberlain's lawsuit runs from Aug. 7 to Aug. 10.

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Over the course of her five-decade career, Aretha has earned 18 Grammy awards and sold over 75 million records. In an interview a year ago , Franklin said she had plans to "retire" after the release of her new album.

Now the Oscars will take a page from the Tony Awards playbook by announcing some of the categories during commercial breaks. The Academy has shifted the date of its 2020 broadcast, which will honor 2019 releases, from February 23 to February 9.

Answering a reporter's question about what was specifically said on trade, Wang said: "We did not speak in such details". FILE - A clerk counts Chinese yuan and US dollar banknotes at a branch of Bank of China in Taiyuan, China, Jan. 4, 2016.

So you can look forward to that! You can turn this setting off, though, if you just want to beat up some AI characters. There was a claw of some kind that dug into surfaces, but we'll have to wait for more information in the near future.

North Korea nevertheless went ahead with the return of the remains of US soldiers killed in the 1950-53 Korean war, it said. The warnings come just days after North Korea's foreign minister called USA actions "alarming".

Children have been killed or wounded in an attack on a bus in northern Yemen , the International Committee of the Red Cross says. It accused the Saudi-led coalition fighting the Shiite rebels on the side of the government of hitting the bus in an air strike.

Meanwhile, stockpiles of gasoline and distillates, which include diesel and heating oil , rose more than expected. Saudi Arabia is producing around 10.4 million bpd and could in theory raise output to above 12 million bpd.

Robert Behnken , a former Air Force colonel, will join former Marine Corps colonel Douglas Hurley on the Crew Dragon test flight. The capsules, made by SpaceX and Boeing , will ferry the astronauts and cargo back and forth to the International Space Station.

The best place to enjoy this natural light show will be away from bright lights and outside of major cities, like Barrie. Some meteors could appear streaking across the sky for several seconds, leaving a trail of glowing smoke in their wake.

Premier League clubs spent £1.2bn on transfer-in of players in the first abbreviated summer transfer window ending 9 August. American owner Shahid Khan has funded the recruitment of 12 players for the west London club.

Day 1 report: Rain meant there was no play on the first day of the second Test between England and India at Lord's on Thursday. Play was scheduled to start at 11:00 BST, but steady rain kept the covers on the pitch and prevented the toss at 10:30.

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